4 Metrics Behind Okta's Soaring Stock Price

4 Metrics Behind Okta's Soaring Stock Price

Identity management platform provider Okta (NASDAQ: OKTA) has been on a tear this year. Year to date, shares of Okta are up 57%, crushing the S&P 500's 1% decline during this same period. To help put Okta's strong underlying business growth into perspective, consider that the tech company's fiscal first-quarter revenue jumped 46% year over year.